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How Illinois Compares Nationally

How Illinois Compares Nationally. 5 th largest population (1) 5 th highest personal income (1) 12 th highest personal income per student (1) 48 th in combined state and local tax burden (2)

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How Illinois Compares Nationally

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  1. How Illinois Compares Nationally • 5th largest population(1) • 5th highest personal income(1) • 12th highest personal income per student(1) • 48th in combined state and local tax burden(2) (1) Source: "Condition of Public Education 2003," Illinois State Board of Education, December 2003 (2) Source: “Federation of Tax Administrators”

  2. So What’s the Problem? Nationally ... • Illinois ranks 5th in personal income. (1) • Illinois ranks 48th in total state and local tax burden. (2) The result ... • Illinois is a wealthy state ANDa low taxed state. • (1) Source: "Condition of Public Education 2003," Illinois State Board of Education, December 2003 • (2) Source: “Federation of Tax Administrators”

  3. $49 Billion Revenue Expenditures $44 Billion $39 Billion $34 Billion $29 Billion © 2007 Center for Tax and Budget Accountability $24 Billion 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 The Illinois Structural Deficit (How revenue growth will not keep pace with the cost of current services)

  4. $18 Billion $16 Billion $14 Billion $12 Billion $10 Billion $8 Billion $6 Billion $4 Billion $2 Billion $0 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 Source: Illinois Commission on Government Forecasting and Accountability © 2006 Center for Tax and Budget Accountability Required Pension Payments for All Retirement Systems FY 2006 - FY 2045 The pensions included are: Teachers’ Retirement System, State Universities Retirement System, State Employees’ Retirement System, General Assembly Retirement System, Judges’ Retirement System.

  5. Illinois Over-relies on Local Taxpayers 2nd in local share of tax revenue for schools* 49th in state share of tax revenue for schools * Excluding Washington, D.C. (not a state) Source: NEA Rankings and Estimates – November 2006

  6. Disparity in Resources • Per Pupil Equalized Assessed Valuation (value of property upon which the tax rate is calculated): • From a low of $10,920 • To a high of $1,885,586 • Poor areas often pay higher tax rates and generate less funding Source: Illinois State Board of Education “Financial Statistics 2004-2005”

  7. Formula for InequalityPer Pupil Education Spending Illinois has a very large gap between highest and lowest spending districts. (1) Source: Illinois State Board of Education “Statistics 2004-2005 (Operating Expenditures Per Pupil)”

  8. A Tale of Two Schools Lake Forest #115 Prairie Central #8 Source: Illinois State Board of Education “Financial Statistics 2004-2005”

  9. Invest in Excellence IEA Mission • To effect excellence and equity in Illinois public education and to effectively advocate for our members.

  10. Invest in Excellence -- Principles • Provide adequate resources to all pre K-12 public schools. • Provide adequate resources to all public higher education institutions. • Provide a long-term solution for pension system stability and funding. • Do no harm to any public education entity. • Incorporate positive components resulting in increased student achievement.

  11. What Can You Do?

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